Pearson's Candy Company: Difference between revisions

Pearson's Candy Company
Company type	Private company
Industry	Confectionery/Chocolate
Founded	1909; 115 years ago
Founder	P. Edward Pearson
Headquarters	Saint Paul, Minnesota
Key people	Dan Lagermeier, CEO
Products	See products section
Revenue	$41,000,000
Owner	Spell Capital
Number of employees	145
Website	www.pearsonscandy.com

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Pearson's Candy Company is an American chocolate and confectionery manufacturer headquartered in Saint Paul, Minnesota. Founded as a confectionery distribution firm in 1909, the company began to manufacture its own products in 1912. Originally a family-owned company, Pearson's experienced changes in ownership, acquisitions and product alterations in the 1960s, 1970s and 1980s, before its most recent sale in November 2018 to Spell Capital, a Minneapolis private equity firm.^[2]

Pearson's products are produced on five production lines in the company's Saint Paul plant. The company sells its Mint Patties and Salted Nut Roll nationally and its Nut Goodie and Bun Bars products in several Midwestern states. As of 2018, Pearson's was estimated to be the 42nd largest confectionery company in North America by revenue.^[3]

History

Pearson family

A bifurcated candy bar displaying a white nougat center surround by caramel, thickly encrusted with peanuts — The Salted Nut Roll is Pearson's flagship product.^[4]

Pearson's Candy Company was founded as a confectionery distribution firm in 1909 by P. Edward Pearson and his brothers, John and Oscar. Two more brothers, Waldemar and C. Fritz, joined the company several years later.^[5] By 1935, W. G. Pearson was president of the firm.^[6] The five brothers determined manufacturing would be more profitable than distribution and, in 1912, introduced their first confection, the Nut Goodie.^[7]

Pearson's grew and began manufacturing for other companies, including Whitmans and Planters. Pearson's introduced the Salted Nut Roll in 1933, at the height of The Great Depression.^[7] The success of the Salted Nut Roll prompted other manufacturers to mimic the confection. Pearson's subsequently changed the roll's name to the Choo Choo Bar, to distinguish the product. The Choo Choo name, however, was not as successful, and the original name was restored with the Pearson's logo more prominently displayed.^[5]

By the end of World War II, the Pearson brothers had dropped the distribution aspect of the business. The youngest brother, William Pearson, joined the family business in 1944, as did George Pearson, son of founder P. Edward Pearson. In 1951, Pearson's acquired the Trudeau Candy Company, which brought Mint Patties and the Seven Up bar to Pearson's product line. The company moved to a new manufacturing plant at its current address in 1959.^[7] In 1962, Pearson's acquired Milwaukee-based Sperry Candy Company, a company known for its Chicken Dinner Bar. Pearson's, however, sold Sperry Candy to the Schuler Chocolate Factory of Winona, Minnesota five years later.^[8]

Ownership changes

The Pearson family sold the company in 1968 to ITT/Continental Baking, a New York firm. ITT/Continental Baking sold the company to an out-of-state confectionery partnership in 1979. During this time, sales declined due to problems with availability and product changes, such as a wrapper redesign and recipe change of the Nut Goodie.^[5]

In 1985, the company was purchased by Larry Hassler and Judith Johnston. The company's previous owners had split up, causing the bank to offer the company in the leveraged buyout. The Nut Goodie's original wrapper and recipe were restored and, despite the loss of a label contract with General Mills to produce Nature Valley granola bars, which accounted for 1.4 million bars daily and 85 percent of the company's total tonnage, Pearson's became profitable again in December 1992.^[9] In early 1998, Pearson's acquired the Bun Bar trademark from Clark Bar America. Pearson's introduced Flurries in 2004.^[5]

In August 2011, Pearson's was acquired by Brynwood Partners IV, who sold their interest in Pearson's Candy to Spell Capital of Minneapolis, in November 2018.

In 2022, Pearson's was sold to the Annabelle Candy Company in Hayward, California.^[10]^[11]

Products

Current products

Two views of a candy bar: the left-most whole showing a chocolate covered mound with protruding nuts and the right-most a half showing a nougat base topped with peanuts and both covered in chocolate. — A Pearson's Nut Goodie

Salted Nut Rolls are the company's best selling product,^[12] and together with Mint Patties account for approximately 80 percent of the company's sales.^[9] Mint Patties are sold nationally and Salted Nut Rolls are available in approximately 60 percent of the company's outlets. In late 2013, Pearson's acquired the Bit-O-Honey brand from Nestle USA, Inc.^[13] Although the company sells its products primarily in the United States, it has ranked among the largest confectionery companies in the world,^[14] and as of 2018, was estimated to be the 42nd largest confectionery company in North America by revenue.^[3]

In December 2020, Pearson's Candy sold the Bit-O-Honey brand to Spangler Candy Company^[15]

Pearson's utilizes 200 tons of peanuts, 400 tons of sugar, 100 tons of chocolate and 350 tons of corn syrup per month. Products are produced in the company's 120,000 sq ft (11,000 m²) plant on five production lines.^[16] Current products include:

Product	Introduced	Description
Bun Bars	1998	Maple, vanilla or caramel center covered with chocolate and peanuts
Mint Patties	1951	Mint-flavored patty covered with dark chocolate
Nut Goodie	1912^[6]	Cluster with a maple-flavored center covered with chocolate and peanuts
Salted Nut Roll	1933^[6]	Roll of nougat covered with caramel and salted peanuts

Discontinued products

Seven Up Bar

The Seven Up Bar was a candy bar comprising seven different chocolate "pillows", each filled with a different flavor. Flavors changed with the availability and popularity of ingredients, which included, among others, brazil nut, buttercream, butterscotch, caramel, cherry, coconut, fudge, mint, nougat and orange.^[7] The high manufacturing costs and trademark issues with a soda manufacturer (The American Bottling Company, today Keurig Dr Pepper), caused the bar to be retired in 1979.^[17]

Chicken Dinner Bar

The Chicken Dinner Bar had been a product of the Sperry Candy Company, which was acquired by Pearson's in 1962. The bar, introduced during The Great Depression, was so called in reference to President Herbert Hoover’s promise of “a chicken in every pot”.^[18] The bar did not contain chicken or other poultry products, but was, rather, a chocolate-covered nut roll. Pearson's discontinued the bar's production after the acquisition.^[17] Early TV commercials sang "Chick - Chick - Chick - Chick - Chicken Dinner" similar to, and in the cadence of a rooster crowing.^{[citation needed]}

Notes

^ Young, Jennifer (October 27, 2016). "MN's iconic candy company Pearson's launches new brand". KARE-TV (Tegna, Inc.). Retrieved November 17, 2018.
^ "Spell Capital Partners Announces Its Acquisition of Pearson Candy". November 2018.
^ ^a ^b Pacyniak, Bernie. "Sweet 60 2018: The top candy companies in North America". BNP Media. Archived from the original on 2018-07-19. Retrieved 2018-07-19.
^ Howard, Fran. "Minnesota is a sweet spot for candy makers". MinnPost. Archived from the original on 2017-02-02. Retrieved 2017-02-01.
^ ^a ^b ^c ^d Pearson's Candy Company. "About Us". Archived from the original on June 28, 2007. Retrieved 2008-01-01.
^ ^a ^b ^c "Business Rises for Candy Firm". The Minneapolis Star. Vol. 27, no. 133. January 21, 1935. p. 10 – via Newspapers.com.
^ ^a ^b ^c ^d Kimmerle, pp. 138–139
^ Moskowitz, Dara (1998-12-23). "The Ghost of Candy Bars Past". City Pages. Archived from the original on 2001-03-02. Retrieved 2008-01-01.
^ ^a ^b Pacyniak, Bernard. "On A Roll". BNP Media. Retrieved 2008-01-01. ^{[dead link]}
^ "Pearson's Candy in St. Paul changes hands — again". Twin Cities Pioneer Press. 2022-12-15. Retrieved 2024-07-31.
^ "Pearson's Candy Company sold to California candy maker". Bring Me The News. 2022-12-15. Retrieved 2024-07-31.
^ Pioneer Press. "St. Paul's Pearson Candy Co. acquires Bit-O-Honey". Digital First Media. Archived from the original on 2017-02-02. Retrieved 2017-01-31.
^ Hughlett, Mike. "St. Paul's Pearson Candy buys Bit-O-Honey brand". Star Tribune Media Company LLC. Archived from the original on 2018-07-19. Retrieved 2017-01-31.
^ Rogers, Paul (January 1, 2003). "Income generation gap. (Top 100 Global Confectionery Companies)". Candy Industry. The Gale Group, Inc. Archived from the original on 2008-02-21. Retrieved 2008-03-19.
^ "Spangler Candy acquires Bit-O-Honey Brand" (Press release). Spangler Candy. November 20, 2020. Retrieved 30 December 2020.
^ Kyle, B. "Made In Minnesota: Pearson's Candy". Minnesota Precision Manufacturing Association. Archived from the original on 2015-02-21. Retrieved 2017-01-31.
^ ^a ^b Lewis, p. 68
^ Hale, p. 55

Bibliography

Hale, James (2006). The Wonderful Wacky World of Marketingmobiles. Veloce Publishing Ltd. ISBN 1-84584-003-8.
Kimmerle, Beth (2003). Candy: The Sweet History. Collectors Press, Inc. ISBN 1-888054-83-2.
Lewis, Matt (2004). Chocolate Bar. Running Press. ISBN 0-7624-1921-0.

44°54′23″N 93°9′27″W / 44.90639°N 93.15750°W / 44.90639; -93.15750

[kare-1] Young, Jennifer (October 27, 2016). "MN's iconic candy company Pearson's launches new brand". KARE-TV (Tegna, Inc.). Retrieved November 17, 2018.

[bizj-2] "Spell Capital Partners Announces Its Acquisition of Pearson Candy". November 2018.

[candy2018-3] Pacyniak, Bernie. "Sweet 60 2018: The top candy companies in North America". BNP Media. Archived from the original on 2018-07-19. Retrieved 2018-07-19.

[mnpst-4] Howard, Fran. "Minnesota is a sweet spot for candy makers". MinnPost. Archived from the original on 2017-02-02. Retrieved 2017-02-01.

[pearsons-5] Pearson's Candy Company. "About Us". Archived from the original on June 28, 2007. Retrieved 2008-01-01.

[:0-6] "Business Rises for Candy Firm". The Minneapolis Star. Vol. 27, no. 133. January 21, 1935. p. 10 – via Newspapers.com.

[candy-7] Kimmerle, pp. 138–139

[8] Moskowitz, Dara (1998-12-23). "The Ghost of Candy Bars Past". City Pages. Archived from the original on 2001-03-02. Retrieved 2008-01-01.

[industry-9] Pacyniak, Bernard. "On A Roll". BNP Media. Retrieved 2008-01-01. ^{[dead link]}

[10] "Pearson's Candy in St. Paul changes hands — again". Twin Cities Pioneer Press. 2022-12-15. Retrieved 2024-07-31.

[11] "Pearson's Candy Company sold to California candy maker". Bring Me The News. 2022-12-15. Retrieved 2024-07-31.

[twin-12] Pioneer Press. "St. Paul's Pearson Candy Co. acquires Bit-O-Honey". Digital First Media. Archived from the original on 2017-02-02. Retrieved 2017-01-31.

[star-13] Hughlett, Mike. "St. Paul's Pearson Candy buys Bit-O-Honey brand". Star Tribune Media Company LLC. Archived from the original on 2018-07-19. Retrieved 2017-01-31.

[global-14] Rogers, Paul (January 1, 2003). "Income generation gap. (Top 100 Global Confectionery Companies)". Candy Industry. The Gale Group, Inc. Archived from the original on 2008-02-21. Retrieved 2008-03-19.

[15] "Spangler Candy acquires Bit-O-Honey Brand" (Press release). Spangler Candy. November 20, 2020. Retrieved 30 December 2020.

[pm-16] Kyle, B. "Made In Minnesota: Pearson's Candy". Minnesota Precision Manufacturing Association. Archived from the original on 2015-02-21. Retrieved 2017-01-31.

[bar-17] Lewis, p. 68

[18] Hale, p. 55

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@@ Line 1: / Line 1: @@
+{{short description|American chocolate and confectionery manufacturer}}
 {{Infobox company
 | name = Pearson's Candy Company
 | logo = pearsons.png
 | type = [[Private company]]|
-| foundation = 1909
+| foundation = {{start date and age|1909}}
 | founder = P. Edward Pearson
 | location_city = [[Saint Paul, Minnesota]]
 | location_country =
-| key_people = Michael Keller, [[CEO]]<ref name="kare">{{cite web |url=http://www.kare11.com/news/local/mns-iconic-candy-company-pearsons-launches-new-brand/342308944 |title=MN's iconic candy company Pearson's launches new brand |last=Young |first=Jennifer |publisher=KARE-TV (Tegna, Inc.) | accessdate=November 17, 2018 |date=October 27, 2016 }}</ref>
+| key_people = Dan Lagermeier, [[CEO]]<ref name="kare">{{cite web |url=http://www.kare11.com/news/local/mns-iconic-candy-company-pearsons-launches-new-brand/342308944 |title=MN's iconic candy company Pearson's launches new brand |last=Young |first=Jennifer |publisher=KARE-TV (Tegna, Inc.) | access-date=November 17, 2018 |date=October 27, 2016 }}</ref>
 | industry = [[Confectionery]]/[[Chocolate]]
 | products = See products section
+| revenue = $41,000,000
-| revenue = $89,000,000<ref name="candy2018">{{cite web |url = https://www.candyindustry.com/Sweet-60/2018 |title = Sweet 60 2018: The top candy companies in North America |author = Pacyniak, Bernie |publisher = BNP Media. |accessdate = 2018-07-19 |archive-url = https://web.archive.org/web/20180719173650/https://www.candyindustry.com/Sweet-60/2018 |archive-date = 2018-07-19 |dead-url = no |df =  }}</ref>
-| num_employees = >200<ref name="kare"/>
+| num_employees = 145
 | owner = Spell Capital
 | homepage = {{URL|http://www.pearsonscandy.com}}
 }}
-'''Pearson's Candy Company''' is an American [[chocolate]] and [[confectionery]] manufacturer headquartered in [[Saint Paul, Minnesota|Saint Paul]], [[Minnesota]].  Founded as a confectionery [[Distribution (business)|distribution]] firm in 1909, the company began to manufacture its own products in 1912.  Originally a family-owned company, Pearson's experienced changes in ownership, acquisitions and product alterations in the 1960s, 1970s and 1980s, before its most recent sale in November of 2018 to to [[Spell Capital Partners|Spell Capital]], a Minneapolis private equity firm.<ref name="bizj">{{cite web|url=https://spellcapital.com/2018/11/30/spell-capital-partners-announces-its-acquisition-of-pearson-candy/|title=Spell Capital Partners Announces Its Acquisition of Pearson Candy|last=|first=|date=November 2018|publisher=|archive-url=|archive-date=|dead-url=|accessdate=|df=}}</ref>
+'''Pearson's Candy Company''' is an American [[chocolate]] and [[confectionery]] manufacturer headquartered in [[Saint Paul, Minnesota|Saint Paul]], [[Minnesota]].  Founded as a confectionery [[Distribution (business)|distribution]] firm in 1909, the company began to manufacture its own products in 1912.  Originally a family-owned company, Pearson's experienced changes in ownership, acquisitions and product alterations in the 1960s, 1970s and 1980s, before its most recent sale in November 2018 to [[Spell Capital Partners|Spell Capital]], a Minneapolis private equity firm.<ref name="bizj">{{cite web|url=https://spellcapital.com/2018/11/30/spell-capital-partners-announces-its-acquisition-of-pearson-candy/|title=Spell Capital Partners Announces Its Acquisition of Pearson Candy|date=November 2018}}</ref>
-Pearson's products are produced on five production lines in the company’s Saint Paul plant.  The company sells its Mint Patties, [[Salted Nut Roll]], and [[Bit-O-Honey]] nationally and its [[Nut Goodie]] and [[Bun Bars]] products in several [[Midwest]]ern states.  As of 2018, Pearson's was estimated to be the 42nd largest confectionery company in North America by revenue.<ref name="candy2018"/>
+Pearson's products are produced on five production lines in the company's Saint Paul plant.  The company sells its Mint Patties and [[Salted Nut Roll]] nationally and its [[Nut Goodie]] and [[Bun Bars]] products in several [[Midwest]]ern states.  As of 2018, Pearson's was estimated to be the 42nd largest confectionery company in North America by revenue.<ref name="candy2018">{{cite web |url = https://www.candyindustry.com/Sweet-60/2018 |title = Sweet 60 2018: The top candy companies in North America |author = Pacyniak, Bernie |publisher = BNP Media. |access-date = 2018-07-19 |archive-url = https://web.archive.org/web/20180719173650/https://www.candyindustry.com/Sweet-60/2018 |archive-date = 2018-07-19 |url-status = live }}</ref>
 ==History==
 ===Pearson family===
-[[File:Salted-Nut-Roll-Split.jpg|thumb|alt=A bifurcated candy bar displaying a white nougat center surround by caramel, thickly encrusted with peanuts|The Salted Nut Roll is Pearson's flagship product.<ref name="mnpst">{{cite web |url = https://www.minnpost.com/twin-cities-business/2013/02/minnesota-sweet-spot-candy-makers |title = Minnesota is a sweet spot for candy makers |author = Howard, Fran |publisher = MinnPost |accessdate = 2017-02-01 |archive-url = https://web.archive.org/web/20170202145334/https://www.minnpost.com/twin-cities-business/2013/02/minnesota-sweet-spot-candy-makers |archive-date = 2017-02-02 |dead-url = no |df =  }}</ref>]]
+[[File:Salted-Nut-Roll-Split.jpg|thumb|alt=A bifurcated candy bar displaying a white nougat center surround by caramel, thickly encrusted with peanuts|The Salted Nut Roll is Pearson's flagship product.<ref name="mnpst">{{cite web |url = https://www.minnpost.com/twin-cities-business/2013/02/minnesota-sweet-spot-candy-makers |title = Minnesota is a sweet spot for candy makers |author = Howard, Fran |publisher = MinnPost |access-date = 2017-02-01 |archive-url = https://web.archive.org/web/20170202145334/https://www.minnpost.com/twin-cities-business/2013/02/minnesota-sweet-spot-candy-makers |archive-date = 2017-02-02 |url-status = live }}</ref>]]
-Pearson's Candy Company was founded as a confectionery distribution firm in 1909 by P. Edward Pearson and his brothers, John and Oscar.  Two more brothers, Waldemar and C. Fritz, joined the company several years later.<ref name="pearsons">{{cite web|url=http://www.pearsonscandy.com/about_us.cfm |title=About Us |author=Pearson's Candy Company |accessdate=2008-01-01 |deadurl=yes |archiveurl=https://web.archive.org/web/20070628015159/http://www.pearsonscandy.com/about_us.cfm |archivedate=June 28, 2007 }}</ref>  By 1935, W. G. Pearson<!-- unknown whether this is Waldemar or not --> was president of the firm.<ref name=":0">{{Cite news|url=https://www.newspapers.com/clip/25472296/business_rises_for_candy_firm/|title=Business Rises for Candy Firm|last=<!--no byline-->|first=|date=January 21, 1935|work=The Minneapolis Star|access-date=|issue=133|volume=27|page=10|via=Newspapers.com}}</ref>  The five brothers determined manufacturing would be more profitable than distribution and, in 1912, introduced their first confection, the [[Nut Goodie]].<ref name="candy">Kimmerle, pp. 138&ndash;139</ref>
+Pearson's Candy Company was founded as a confectionery distribution firm in 1909 by P. Edward Pearson and his brothers, John and Oscar.  Two more brothers, Waldemar and C. Fritz, joined the company several years later.<ref name="pearsons">{{cite web|url=http://www.pearsonscandy.com/about_us.cfm |title=About Us |author=Pearson's Candy Company |access-date=2008-01-01 |url-status=dead |archive-url=https://web.archive.org/web/20070628015159/http://www.pearsonscandy.com/about_us.cfm |archive-date=June 28, 2007 }}</ref>  By 1935, W. G. Pearson<!-- unknown whether this is Waldemar or not --> was president of the firm.<ref name=":0">{{Cite news|url=https://www.newspapers.com/clip/25472296/business_rises_for_candy_firm/|title=Business Rises for Candy Firm|last=<!--no byline-->|date=January 21, 1935|work=The Minneapolis Star|issue=133|volume=27|page=10|via=Newspapers.com}}</ref>  The five brothers determined manufacturing would be more profitable than distribution and, in 1912, introduced their first confection, the [[Nut Goodie]].<ref name="candy">Kimmerle, pp. 138&ndash;139</ref>
 Pearson's grew and began manufacturing for other companies, including Whitmans and [[Planters]].  Pearson's introduced the [[Salted Nut Roll]] in 1933, at the height of [[The Great Depression]].<ref name="candy"/>  The success of the Salted Nut Roll prompted other manufacturers to mimic the confection.  Pearson's subsequently changed the roll's name to the Choo Choo Bar, to distinguish the product.  The Choo Choo name, however, was not as successful, and the original name was restored with the Pearson's [[logo]] more prominently displayed.<ref name="pearsons"/>
-By the end of [[World War II]], the Pearson brothers had dropped the distribution aspect of the business.  The youngest brother, William Pearson, joined the family business in 1944, as did George Pearson, son of founder P. Edward Pearson.  In 1951, Pearson's acquired the Trudeau Candy Company, which brought Mint Patties and the Seven Up bar to Pearson's product line.  The company moved to a new manufacturing plant at its current address in 1959.<ref name="candy"/>  In 1962, Pearson’s acquired [[Milwaukee]]-based Sperry Candy Company, a company known for its Chicken Dinner Bar.  Pearson's, however, sold Sperry Candy to the Schuler Chocolate Factory of [[Winona, Minnesota]] five years later.<ref>{{cite news |last=Moskowitz |first=Dara |url=http://www.citypages.com/databank/19/942/article6825.asp|title=The Ghost of Candy Bars Past|publisher=City Pages|date=1998-12-23|accessdate=2008-01-01|archiveurl=https://web.archive.org/web/20010302180916/http://citypages.com/databank/19/942/article6825.asp |archivedate=2001-03-02 |deadurl=yes |df= }}</ref>
+By the end of [[World War II]], the Pearson brothers had dropped the distribution aspect of the business.  The youngest brother, William Pearson, joined the family business in 1944, as did George Pearson, son of founder P. Edward Pearson.  In 1951, Pearson's acquired the Trudeau Candy Company, which brought Mint Patties and the Seven Up bar to Pearson's product line.  The company moved to a new manufacturing plant at its current address in 1959.<ref name="candy"/>  In 1962, Pearson's acquired [[Milwaukee]]-based Sperry Candy Company, a company known for its Chicken Dinner Bar.  Pearson's, however, sold Sperry Candy to the Schuler Chocolate Factory of [[Winona, Minnesota]] five years later.<ref>{{cite news |last=Moskowitz |first=Dara |url=http://www.citypages.com/databank/19/942/article6825.asp|title=The Ghost of Candy Bars Past|publisher=City Pages|date=1998-12-23|access-date=2008-01-01|archive-url=https://web.archive.org/web/20010302180916/http://citypages.com/databank/19/942/article6825.asp |archive-date=2001-03-02 |url-status=dead }}</ref>
 ===Ownership changes===
-The Pearson family sold the company in 1968 to [[Continental Baking Company|ITT/Continental Baking]], a [[New York City|New York]] firm.  ITT/Continental Baking sold the company to an out-of-state confectionery partnership in 1979.  During this time, sales declined due to problems with availability and product changes, such as a [[Packaging|wrapper]] redesign and [[recipe]] change of the Nut Goodie.<ref name="pearsons"/>
+The Pearson family sold the company in 1968 to [[Continental Baking Company|ITT/Continental Baking]], a [[New York City|New York]] firm.  ITT/Continental Baking sold the company to an out-of-state confectionery partnership in 1979. During this time, sales declined due to problems with availability and product changes, such as a [[Packaging|wrapper]] redesign and [[recipe]] change of the Nut Goodie.<ref name="pearsons"/>
-In 1985, the company was purchased by Larry Hassler and Judith Johnston.  The company’s previous owners had split up, causing the [[bank]] to offer the company in the [[leveraged buyout]].  The Nut Goodie's original wrapper and recipe were restored and, despite the loss of a label contract with [[General Mills]] to produce Nature Valley [[granola]] bars, which accounted for 1.4 million bars daily and 85 percent of the company's total tonnage, Pearson's became profitable again in December 1992.<ref name="industry">{{cite web |url = http://www.candyindustry.com/content.php?s=CI/2007/07&p=5&sc=11 |title = On A Roll |author = Pacyniak, Bernard | publisher= BNP Media | accessdate= 2008-01-01 }} {{Dead link|date=April 2012|bot=H3llBot}}</ref>  In early 1998, Pearson's acquired the Bun Bar trademark from [[Pittsburgh Food & Beverage Company|Clark Bar America]]. Pearson's introduced Flurries in 2004.<ref name="pearsons"/>
+In 1985, the company was purchased by Larry Hassler and Judith Johnston.  The company's previous owners had split up, causing the [[bank]] to offer the company in the [[leveraged buyout]].  The Nut Goodie's original wrapper and recipe were restored and, despite the loss of a label contract with [[General Mills]] to produce Nature Valley [[granola]] bars, which accounted for 1.4 million bars daily and 85 percent of the company's total tonnage, Pearson's became profitable again in December 1992.<ref name="industry">{{cite web |url = http://www.candyindustry.com/content.php?s=CI/2007/07&p=5&sc=11 |title = On A Roll |author = Pacyniak, Bernard | publisher= BNP Media | access-date= 2008-01-01 }} {{Dead link|date=April 2012|bot=H3llBot}}</ref>  In early 1998, Pearson's acquired the Bun Bar trademark from [[Pittsburgh Food & Beverage Company|Clark Bar America]]. Pearson's introduced Flurries in 2004.<ref name="pearsons"/>
-In August 2011, Pearson's was acquired by [[Brynwood Partners|Brynwood Partners IV]], who sold their interest in Pearson's Candy to [[Spell Capital Partners|Spell Capital]] of Minneapolis, in November of 2018.<sup>[https://spellcapital.com/2018/11/30/spell-capital-partners-announces-its-acquisition-of-pearson-candy/ <nowiki>[3]</nowiki>]</sup>
+In August 2011, Pearson's was acquired by [[Brynwood Partners|Brynwood Partners IV]], who sold their interest in Pearson's Candy to [[Spell Capital Partners|Spell Capital]] of Minneapolis, in November 2018.
+In 2022, Pearson's was sold to the [[Annabelle Candy Company]] in Hayward, California.<ref>{{Cite web |date=2022-12-15 |title=Pearson’s Candy in St. Paul changes hands — again |url=https://www.twincities.com/2022/12/15/pearsons-candy-in-st-paul-changes-hands-again/ |access-date=2024-07-31 |website=Twin Cities Pioneer Press |language=en-US}}</ref><ref>{{Cite web |last= |date=2022-12-15 |title=Pearson's Candy Company sold to California candy maker |url=https://bringmethenews.com/minnesota-business/pearsons-candy-company-sold-to-california-candy-maker |access-date=2024-07-31 |website=Bring Me The News |language=en}}</ref>
 ==Products==
 ===Current products===
 [[File:Nut-Goodie-Bar.jpg|thumb|alt=Two views of a candy bar: the left-most whole showing a chocolate covered mound with protruding nuts and the right-most a half showing a nougat base topped with peanuts and both covered in chocolate.|A Pearson's Nut Goodie]]
-Salted Nut Rolls are the company's best selling product,<ref name="twin">{{cite web |url = http://www.twincities.com/2013/04/30/st-pauls-pearson-candy-co-acquires-bit-o-honey/ |title = St. Paul’s Pearson Candy Co. acquires Bit-O-Honey |author = Pioneer Press |publisher = Digital First Media |accessdate = 2017-01-31 |archive-url = https://web.archive.org/web/20170202093145/http://www.twincities.com/2013/04/30/st-pauls-pearson-candy-co-acquires-bit-o-honey/ |archive-date = 2017-02-02 |dead-url = no |df =  }}</ref> and together with Mint Patties account for approximately 80 percent of the company’s sales.<ref name="industry"/>  Mint Patties are sold nationally and Salted Nut Rolls are available in approximately 60 percent of the company's outlets.  In late 2013, Pearson's acquired the [[Bit-O-Honey]] brand from Nestle USA, Inc.<ref name="star">{{cite web |url = http://www.startribune.com/may-2-pearson-candy-buys-bit-o-honey-brand/205594251/ |title = St. Paul's Pearson Candy buys Bit-O-Honey brand |author = Hughlett, Mike |publisher = Star Tribune Media Company LLC. |accessdate = 2017-01-31 |archive-url = https://web.archive.org/web/20180719174018/http://www.startribune.com/may-2-pearson-candy-buys-bit-o-honey-brand/205594251/ |archive-date = 2018-07-19 |dead-url = no |df =  }}</ref>  Although the company sells its products primarily in the United States, it has ranked among the largest confectionery companies in the world,<ref name="global">{{cite journal|last=Rogers |first=Paul |title=Income generation gap. (Top 100 Global Confectionery Companies) |journal=Candy Industry |publisher=The Gale Group, Inc. |date=January 1, 2003 |url=http://www.allbusiness.com/wholesale-trade/merchant-wholesalers-nondurable/448996-1.html |accessdate=2008-03-19 |archiveurl=https://web.archive.org/web/20080221070049/http://www.allbusiness.com/wholesale-trade/merchant-wholesalers-nondurable/448996-1.html |archivedate=2008-02-21 |deadurl=yes |df= }}</ref> and as of 2018, was estimated to be the 42nd largest confectionery company in North America by revenue.<ref name="candy2018"/>
+Salted Nut Rolls are the company's best selling product,<ref name="twin">{{cite web |url = http://www.twincities.com/2013/04/30/st-pauls-pearson-candy-co-acquires-bit-o-honey/ |title = St. Paul's Pearson Candy Co. acquires Bit-O-Honey |author = Pioneer Press |publisher = Digital First Media |access-date = 2017-01-31 |archive-url = https://web.archive.org/web/20170202093145/http://www.twincities.com/2013/04/30/st-pauls-pearson-candy-co-acquires-bit-o-honey/ |archive-date = 2017-02-02 |url-status = live }}</ref> and together with Mint Patties account for approximately 80 percent of the company's sales.<ref name="industry"/>  Mint Patties are sold nationally and Salted Nut Rolls are available in approximately 60 percent of the company's outlets.  In late 2013, Pearson's acquired the [[Bit-O-Honey]] brand from Nestle USA, Inc.<ref name="star">{{cite web |url = http://www.startribune.com/may-2-pearson-candy-buys-bit-o-honey-brand/205594251/ |title = St. Paul's Pearson Candy buys Bit-O-Honey brand |author = Hughlett, Mike |publisher = Star Tribune Media Company LLC. |access-date = 2017-01-31 |archive-url = https://web.archive.org/web/20180719174018/http://www.startribune.com/may-2-pearson-candy-buys-bit-o-honey-brand/205594251/ |archive-date = 2018-07-19 |url-status = live }}</ref>  Although the company sells its products primarily in the United States, it has ranked among the largest confectionery companies in the world,<ref name="global">{{cite journal|last=Rogers |first=Paul |title=Income generation gap. (Top 100 Global Confectionery Companies) |journal=Candy Industry |publisher=The Gale Group, Inc. |date=January 1, 2003 |url=http://www.allbusiness.com/wholesale-trade/merchant-wholesalers-nondurable/448996-1.html |access-date=2008-03-19 |archive-url=https://web.archive.org/web/20080221070049/http://www.allbusiness.com/wholesale-trade/merchant-wholesalers-nondurable/448996-1.html |archive-date=2008-02-21 |url-status=dead }}</ref> and as of 2018, was estimated to be the 42nd largest confectionery company in North America by revenue.<ref name="candy2018"/>
-Pearson's utilizes 200 tons of [[peanut]]s, 400 tons of [[sugar]], 100 tons of [[chocolate]] and 350 tons of [[corn syrup]] per month.  Products are produced in the company’s {{convert|120000|sqft|m2|abbr=on}} plant on five production lines.<ref name="pm">{{cite web |url = http://pm-mn.com/2014/11/made-in-minnesota-pearsons-candy/ |title = Made In Minnesota: Pearson’s Candy |author = Kyle, B |publisher = Minnesota Precision Manufacturing Association. |accessdate = 2017-01-31 |archive-url = https://web.archive.org/web/20150221101733/http://pm-mn.com/2014/11/made-in-minnesota-pearsons-candy/ |archive-date = 2015-02-21 |dead-url = no |df =  }}</ref>  Current products include:
+In December 2020, Pearson's Candy sold the [[Bit-O-Honey]] brand to [[Spangler Candy Company]]<ref>{{cite press release |url=https://www.spanglercandy.com/press-releases/spangler-candy-acquires-bit-o-honey-brand |title=Spangler Candy acquires Bit-O-Honey Brand |date=November 20, 2020 |publisher=Spangler Candy |access-date=30 December 2020}}</ref>
+Pearson's utilizes 200 tons of [[peanut]]s, 400 tons of [[sugar]], 100 tons of [[chocolate]] and 350 tons of [[corn syrup]] per month.  Products are produced in the company's {{convert|120000|sqft|m2|abbr=on}} plant on five production lines.<ref name="pm">{{cite web |url = http://pm-mn.com/2014/11/made-in-minnesota-pearsons-candy/ |title = Made In Minnesota: Pearson's Candy |author = Kyle, B |publisher = Minnesota Precision Manufacturing Association. |access-date = 2017-01-31 |archive-url = https://web.archive.org/web/20150221101733/http://pm-mn.com/2014/11/made-in-minnesota-pearsons-candy/ |archive-date = 2015-02-21 |url-status = dead }}</ref>  Current products include:
 {| class="wikitable" style="font-size: 90%"
@@ Line 49: / Line 54: @@
 ! Introduced
 ! Description
-|-
-| '''Bit-O-Honey'''
-|1924
-|Almond bits embedded in a honey-flavored taffy
 |-
 | '''[[Bun Bars]]'''
@@ Line 74: / Line 75: @@
 ====Seven Up Bar====
-The Seven Up Bar was a [[candy bar]] comprising seven different chocolate "pillows", each filled with a different [[flavor]].  Flavors changed with the availability and popularity of ingredients, which included, among others, [[brazil nut]], [[buttercream]], [[butterscotch]], caramel, [[cherry]], [[coconut]], fudge, mint, nougat and [[Orange (fruit)|orange]].<ref name="candy"/>  The high manufacturing costs and [[trademark]] issues with a [[Soft drink|soda]] manufacturer (The American Bottling Company, today [[Cadbury Schweppes Americas Beverages|Cadbury Schweppes]]), caused the bar to be retired in 1979.<ref name="bar">Lewis, p. 68</ref>
+The Seven Up Bar was a [[candy bar]] comprising seven different chocolate "pillows", each filled with a different [[Flavor (taste)|flavor]].  Flavors changed with the availability and popularity of ingredients, which included, among others, [[brazil nut]], [[buttercream]], [[butterscotch]], caramel, [[cherry]], [[coconut]], fudge, mint, nougat and [[Orange (fruit)|orange]].<ref name="candy"/>  The high manufacturing costs and [[trademark]] issues with a [[Soft drink|soda]] manufacturer (The American Bottling Company, today [[Keurig Dr Pepper]]), caused the bar to be retired in 1979.<ref name="bar">Lewis, p. 68</ref>
 ====Chicken Dinner Bar====
-The [[Chicken Dinner Bar]] had been a product of the Sperry Candy Company, which was acquired by Pearson’s in 1962.  The bar, introduced during The Great Depression, was so called in reference to President [[Herbert Hoover]]’s promise of “a chicken in every pot”.<ref>Hale, p. 55</ref>  The bar did not contain [[chicken]] or other [[poultry]] products, but was, rather, a chocolate-covered [[Nut (fruit)|nut]] roll.  Pearson’s discontinued the bar’s production after the acquisition.<ref name="bar"/> Early TV commercials sang "Chick - Chick - Chick - Chick - Chicken Dinner" similar to, and in the cadence of a rooster crowing.
+The [[Chicken Dinner Bar]] had been a product of the Sperry Candy Company, which was acquired by Pearson's in 1962. The bar, introduced during The Great Depression, was so called in reference to President [[Herbert Hoover]]’s promise of “a chicken in every pot”.<ref>Hale, p. 55</ref> The bar did not contain [[chicken]] or other [[poultry]] products, but was, rather, a chocolate-covered [[Nut (fruit)|nut]] roll. Pearson's discontinued the bar's production after the acquisition.<ref name="bar"/> Early TV commercials sang "Chick - Chick - Chick - Chick - Chicken Dinner" similar to, and in the cadence of a rooster crowing.{{Citation needed|date=September 2021}}
 ==See also==
@@ Line 101: / Line 102: @@
 {{coord|44|54|23|N|93|9|27|W|display=title}}
-[[Category:Candy bars]]
 [[Category:American chocolate companies]]
 [[Category:Confectionery companies of the United States]]